Which stocks are most correlated with PMAX?

Based on one year of daily returns, the stocks most correlated with Powell Max Limited Class A Ordinary Shares (PMAX) are FLEX (0.35), CLDI (0.32) and HUT (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.

Which stocks are inversely correlated with PMAX?

Over the past year, the stocks most inversely correlated with Powell Max Limited Class A Ordinary Shares (PMAX) are VIXM (-0.32), VXZ (-0.31) and TSMZ (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.

Powell Max Limited Class A Ordinary Shares (PMAX) — Stock Correlations & Overview

Over the past year, PMAX has moved most closely with FLEX, CLDI, HUT. Explore the stocks most correlated and inversely correlated with PMAX below, along with its price, financials, and company profile.

Stocks correlated with PMAX

Correlation of daily returns. Higher positive values move with PMAX; negative values move opposite it. Informational only, not investment advice.

Most correlated with PMAX

Symbol	Company	Correlation
FLEX	Flex Ltd. Ordinary SharesPRINTED CIRCUIT BOARDS	0.35
CLDI	Calidi Biotherapeutics, Inc.BIOLOGICAL PRODUCTS, (NO DIAGNOSTIC SUBSTANCES)	0.32
HUT	Hut 8 Corp. Common StockFINANCE SERVICES	0.32
KAI	Kadant Inc.SPECIAL INDUSTRY MACHINERY (NO METALWORKING MACHINERY)	0.31
EVEX	Eve Holding, Inc.AIRCRAFT	0.30

Most inversely correlated with PMAX

Symbol	Company	Correlation
VIXM	ProShares VIX Mid-Term Futures ETFCOMMODITY CONTRACTS BROKERS & DEALERS	-0.32
VXZ	iPath Series B S&P 500 VIX Mid-Term Futures ETN	-0.31
TSMZ	Direxion Shares ETF Trust Direxion Daily TSM Bear 1X ETF	-0.30
EZGO	EZGO Technologies Ltd. Ordinary Shares	-0.28
AMDD	Direxion Shares ETF Trust Direxion Daily AMD Bear 1X ETF	-0.27

Frequently asked questions about PMAX correlations

Which stocks are most correlated with PMAX?: Based on one year of daily returns, the stocks most correlated with Powell Max Limited Class A Ordinary Shares (PMAX) are FLEX (0.35), CLDI (0.32) and HUT (0.32). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
Which stocks are inversely correlated with PMAX?: Over the past year, the stocks most inversely correlated with Powell Max Limited Class A Ordinary Shares (PMAX) are VIXM (-0.32), VXZ (-0.31) and TSMZ (-0.30). A negative correlation means the two stocks have tended to move in opposite directions.
What does a correlation of 0.8 mean for a stock?: Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
How are these PMAX correlations calculated?: We compute the correlation of daily returns between PMAX and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.

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